Monthly production also rose 6% Y-o-Y to 6.6 lakh tonnes. Inventory levels continue to decline as sales volume surpass production for the second consecutive month.

“JSPL is committed to achieving its yearly sales & production targets, we hope the domestic demand will rebound sharply once the monsoon season is over. The Government of India is pushing its infrastructure projects and this will help steel players to ride the growth momentum”, said Mr. VR Sharma, Managing Director, JSPL in a statement.